City 020 7796 3636
Thames Valley 01784 737 035

Japan – Real wages fall

Japan’s real wages adjusted for inflation, fell 0.8% in March from a year ago to mark its biggest rate of decline since June 2015, reports Reuters. The fall was due to low nominal pay hikes and a rise in consumer prices. In nominal terms, wage earners' cash earnings decreased by 0.4% in March, compared to last year, also the biggest rate of decrease since June 2015. Meanwhile, regular pay fell by 0.1% compared to last year. A Reuters poll showed that businesses have been hesitant to raise wages despite a tight labour market with most companies stating they will raise wages at a slower pace than last year.